Capricorn Energy (LON:CNE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Capricorn Energy PLC (LON:CNE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 246.67 and traded as high as GBX 327. Capricorn Energy shares last traded at GBX 323, with a volume of 138,102 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “buy” rating on shares of Capricorn Energy in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 369.33.

Capricorn Energy Stock Down 0.3%

The company has a current ratio of 2.44, a quick ratio of 6.29 and a debt-to-equity ratio of 12.32. The stock has a market capitalization of £221.79 million, a P/E ratio of 12.42, a P/E/G ratio of -1.92 and a beta of 0.27. The stock’s 50 day simple moving average is GBX 299.86 and its 200 day simple moving average is GBX 246.67.

About Capricorn Energy

Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert.

Capricorn is headquartered in Edinburgh, Scotland.

For further information please see: www.capricornenergy.com